DRC #72/2026

5/14/26 | C | +2.28R (-0.32R in comms, fees & locates)

OVERVIEW: Very active day and very favorable for shorts after everyone got scared shitless/blew up on the first three days of the week.

Broker asked me to reset my pw and naturally, I’d forgotten the answers to the security questions. Took them a while to get back to me which unfortunately made me miss the first half of the session.

Had a couple really solid trades and a few dumb ones (mainly AEHL). Today we probably saw some of the cleanest RTH SC para blowoffs in a long time.
Additionally, there was the CBRS IPO which had been oversubscribed and was supposed to open at ~100x sales. Ended up opening at $350 and immediately went LU; absolutely ridiculous. Caught a nice short on the backside pop and rode it down to $300.

Wouldn’t be the first time that an IPO like that put in a short-term top in a euphoric rally.